Business & Markets
Developers Ask Regulators to OK Atlantic Coast Pipeline Soon
The developers of the Atlantic Coast pipeline construction project hope the project will be approved this month.
Petrofac Awarded TurkStream Pipeline Contract
Petrofac awarded a contract to build pipelines and a gas terminal for the TurkStream pipeline construction project.
Putin Reluctant To Cut Off North Korean Oil Supplies
Amid rising tension over North Korea’s nuclear tests, South Korea’s president has pleaded with Russia to help it with its push to cut off oil supplies to Pyongyang’s regime, but Russian President Vladimir Putin is urging for diplomacy, saying that sanctions and pressure won’t work, while stopping oi..
Libya Resumes Production At Largest Field Amid Rising Oil Prices
Libya’s largest oil field, Sharara, will resume production following a two-week halt, after a pipeline blockade ended yesterday. This is what an unnamed source from Libya’s oil industry told Reuters, with the Sharara to resume output today, according to Bloomberg. The pipeline that was blocked feed..
Trump Touts Support for Dakota Access Pipeline
President Trump reminds supporters in North Dakota he helped get the Dakota Access pipeline construction project completed.
Hurricane Irma Could Destroy Oil Demand
About half of the shuttered refining capacity along the Gulf Coast could be back up and running by Thursday, assuaging concerns about the possibility of acute gasoline shortages in much of the U.S. The disruptions of more than 4 million barrels per day of refining capacity have been cut in half, wi..
Magellan Midstream to Construct Delaware Basin Crude Oil and Condensate Pipeline
Magellan Midstream starts work on a crude oil and condensate pipeline construction project in the Delaware Basin.
Kyrgyzstan Unveils Revamped Transnational Gas Pipeline
Gazprom completes gas pipeline construction project in Kyrgyzstan.
Russia Expands Control Over Oil Pipeline Monopoly
A Transneft share swap could give the Russian sovereign wealth fund more control over the oil pipeline monopoly, according to a new report by Reuters. The Russian government already owns 78.1 percent of the company, all of which are ordinary shares. The rest of the company consists of preferred sha..
Colombia Signs Cease-Fire Deal with Last Guerrilla Group
BOGOTA, Colombia (AP) — Colombia’s government and last remaining major rebel group signed a bilateral cease-fire Monday ahead of Pope Francis’ visit this week, an agreement seen as a significant step toward negotiating a permanent peace deal. The deal struck in Quito, Ecuador, where talks with the ..
Federal Agency Approves Use of Ohio Natural Gas Pipeline
FERC says Energy Transfer Partners can commence partial service on the Rover pipeline construction project.
American Midstream Finalizes Sale of Propane Company
American Midstream Partners has closed the sale of the partnership’s propane marketing and services business to SHV Energy N.V. for $170 million in cash. Through this transaction, the partnership has divested 100% of its propane business, including Pinnacle Propane’s 40 service locations, Pinnacle ..
Foreign Workers Evacuated At Libya’s Sharara Oil Field
Reuters reports that foreign workers at Libya’s largest oil field have been evacuated after news emerged on Monday of unspecified activities near the site. An engineer at the field said a total of 16 workers from Spain, France, the Philippines and Serbia had all been evacuated for two days. The Na..
Harvey Continues to Batter Energy Markets
Tropical Storm Harvey came ashore for a second time yesterday, east of Houston along the Texas-Louisiana coast. Downgraded now to a tropical depression with reduced winds, the rain bands nonetheless pounded Port Arthur and Beaumont, continuing to shutter refineries and associated energy infrastructu..
Regulators OK Permits for Atlantic Sunrise Pipeline
Regulators approve permits for the Atlantic Sunrise pipeline construction project.
Democratic Senator Urges Trump To Sell Oil In Strategic Reserves
Federal officials should release fuel from the Strategic Petroleum Reserve to prevent gas prices from rising in the wake of Hurricane Harvey, Democratic Senator Edward Markey from Massachusetts told President Donald Trump in a letter on Wednesday. “An immediate release of gasoline or crude oil, if ..
Texas Shale Hit Hard By Hurricane Harvey
Crude oil prices are taking a serious hit from Hurricane Harvey, slammed on multiple fronts at a time when benchmark prices were already showing some signs of strain. As has already been widely noted, Hurricane Harvey has knocked out major refineries along the Gulf Coast. Goldman Sachs said in a re..
Tribes Say Dakota Access Shutdown Impact Overstated
Tribes say the impact of shutting down the Dakota Access pipeline construction project while an environmental review is finished is being overblown.
Hurricane Harvey Is A Disaster For OPEC
The skies are clearing over Houston, but the damage from the remaining elements of Hurricane Harvey has spread east to Port Arthur and Lake Charles along the Texas-Louisiana border. That has knocked more refineries offline, including the largest refinery in the United States. In the aftermath of th..
Colombia Pipeline Bombing Takes 210,000 Bpd Off The Market
A bombing of the Cano Limon oil pipeline in Colombia has led to the suspension of crude flow, sources from Ecopetrol and Colombia’s army told Reuters. Leftist militant group ELN was behind the attack, the sources said, who declined to be identified ahead of an official announcement. Some crude oil ..
Energy Trade Groups Get Say on Dakota Access Shutdown
Energy trade groups weigh in on whether to shut down the Dakota Access pipeline construction project as an ongoing environmental review is conducted.
FERC Approves NEXUS Pipeline Construction
FERC approves the NEXUS Gas Transmission pipeline construction project.
Enbridge Finds Gaps in Line 5 Coating
TRAVERSE CITY, Mich. (AP) — The company that operates twin oil pipelines in the waterway linking Lake Huron and Lake Michigan said Wednesday it has found a number of gaps in a protective layer of enamel coating on the pipes. Enbridge Inc.’s disclosure prompted criticism from Michigan’s governor and..
Pipelines Suspend Operations, Refineries Battle Harvey’s Flooding
Oil and gas companies on the Texas Gulf Coast were dealing Monday with the impact of Tropical Storm Harvey, which was unleashing torrential rains and flooding in the Houston area after making landfall Friday night as a Category 4 hurricane near Corpus Christi. Roughly 2.2 MMbpd of Texas refining ca..
Appalachian Natural Gas Processing Capacity Key to Increasing Natural Gas, NGPL Production
Natural gas processing capacity in the Appalachian region has grown dramatically over the past several years as producers try to keep pace with increasing natural gas production in the region. Natural gas processing plays a key role in the natural gas supply chain. Natural gas processors separate dr..
Sanctions On North Korea Won’t Slow Chinese Oil Flow
While the latest round of U.S. sanctions on North Korea’s oil trade is likely to stop major companies from trading due to reputational risks, it is unlikely to stop China’s crude oil supplies to Pyongyang, S&P Global Platts reported in an analysis on Thursday, citing market sources and observers. E..
Pipeline Company Response to Settlement Offer Not Disclosed
Energy Transfer Partners has responded to a settlement offer from concerning the reporting of artifacts during the Dakota Access pipeline construction project.
Mexico's Oil Output Falls Below 2 Million Barrels Per Day
MEXICO CITY (AP) — Mexico’s crude oil output has fallen below 2 million barrels per day for the first time since comparable records were kept starting in 1990. State-owned oil company Petroleos Mexicanos reports on its website that average daily output in July was about 14,300 barrels short of the ..
Shell Launches Second Phase Of Major Nigerian Gas Project
Shell has begun pumping natural gas from the second phase of development at the Gbaran-Ubie Niger Delta project. The gas from the expanded project will go to both the local market and export markets. The second phase of Gbaran-Ubie will have a peak production rate of 175,000 barrels of oil equivale..
New TXOGA Report Shows “U.S. Energy Dominance Starts in Texas”
Pipeline construction projects in the Permian Basin poised to help America achieve energy dominance.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Caspian Pipeline Consortium Lowers 2024 Oil Export Forecast Again
